Public Governance, Performance and Accountability (Relevant Company) Rule 2016

I, Mathias Cormann, Minister for Finance, make the following rule.

Dated 12 October 2016

Mathias Cormann

Minister for Finance

 

 

 

 

 

Contents

1 Name

2 Commencement

3 Authority

4 Definitions

5 Relevant company

1  Name

  This instrument is the Public Governance, Performance and Accountability (Relevant Company) Rule 2016.

2  Commencement

 (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

19 October 2016

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

 (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

  This instrument is made under the Public Governance, Performance and Accountability Act 2013.

4  Definitions

  In this instrument:

  Act means the Public Governance, Performance and Accountability Act 2013.

5  Relevant company

  For the purposes of subsection 85(2) of the Act, a company is a relevant company if:

 (a) it is of a kind mentioned in column 2 of an item in the following table; and

 (b) its objects or proposed activities are of a kind mentioned in column 3 of the item.

 

Relevant companies

Column 1

Column 2

Column 3

Item

Kind of company

The company’s objects or proposed activities

1

A company limited by shares

To conduct worldleading quantum computing research by:

(a) developing and commercialising a prototype 10qubit silicon quantum integrated circuit; and

(b) developing and commercialising applications of the prototype, including for use and exploitation in the development and applications of a siliconbased quantum computer and associated intellectual property